(Finance) – Doxeea company listed on Euronext Growth Milan and active in offering products in the Customer Communications Management (CCM), Digital Customer Experience and Paperless sectors, closed on 2023 with Revenues from sales equal to 25.8 million euros, up compared to 23.8 million euros in 2022, thanks to the contribution of the newly acquired Doxee AT, consolidated for the entire period, which compensated for some invoicing delays that occurred on the parent company in causing a significant lengthening of the duration of sales cycles. The Contribution margin stands at 14.8 million euros, compared to 15.1 million euros in 2022.
The substantial investments made, for the acceleration of the roadmap of activities relating to the integration with the newly acquired Doxee AT, led to a substantial increase in indirect and R&D costs compared to the previous year (15 million euros compared to 11 million euros in 2022). This increase was temporarily reflected in margins, with a EBITDA negative equal to -0.2 million euros, compared to 4.1 million euros recorded in 2022.
The Net income of the Group is equal to -5.1 million euros (0.5 million euros in 2022).
L’Net Financial Debt it amounts to 21.6 million euros (14.4 million euros at 31 December 2022), of which 0.8 million in cash.